Mortgage interest rates fell for the first time in four weeks, with Freddie Mac's survey showing lenders offering conventional 30-year fixed-rate loans at an average of 3.75%, down from 3.8% a week ago.
The 30-year fixed-rate average rose for the third week in a row, climbing to 3.8 percent. It has risen 21 basis points in the past three weeks.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, resuming their downward trend of this year after rising slightly last week. Rates are near historically low levels.
The 30-year fixed-rate average hits a 20-month low, falling to 3.59 percent. Since December, the 30-year fixed rate has fallen 28 basis points to start the new year.
The 30-year fixed-rate mortgage rose for the first time in three weeks, edging up to 3.66 percent.
The 30-year fixed-rate average has dropped nearly 40 basis points since November to 3.63 percent and is at a 20-month low.
U.S. mortgage rates dropped to the lowest level in more than a year and a half as falling oil prices and concerns about the strength of the euro drove investors to the safety of the U.S. government bonds that guide borrowing costs.
The 30-year fixed-rate average drops 14 basis points to 3.73 percent, its lowest level since May 2013.
Impac Mortgage Holdings, Inc. , is pleased to announce its subsidiary, Impac Mortgage Corp., has signed a definitive agreement to acquire the mortgage operations of CashCall, Inc.
The 30-year fixed-rate average rises for the second week in a row, but ends the year 66 basis points below where it started.